☕️ [Task Coins Giveaway] Daily Market Talk

Midday update: UAE intercepted missiles from Iran overnight — first such alert since the US-Iran ceasefire — and Brent ripped +5.8% to US$114.44, dragging US equities lower (Dow −1.13%, S&P −0.41%, Nasdaq −0.19%). Palantir already dropped a blowout Q1 (+84.7% revenue, 60% adj op margin, FY26 guide raised); AMD and Lumentum print after-hours tonight. Trump's 25% EU auto/truck tariffs kick in next week, and Greg Abel's debut Berkshire AGM landed a "solid scorecard" with AI cited as the central theme.

💬 Today's 3 Big Questions

1. Brent +5.8% to US$114.44 on the UAE-Iran missile incident — is this transient noise that the Hormuz negotiation resolves within two weeks, or a multi-quarter premium that resets MAS even more hawkish AND forces the Fed to delay cuts? Position long energy + SG banks, short long-duration tech, or hedged?
2. Palantir +84.7% revenue, 60% adj op margin, NDR 150%, guide raised to US$7.65bn is the cleanest AI-software validation of the cycle. With AMD + Lumentum still to come tonight, do you ADD to AI-software winners (PLTR, GOOGL Cloud) on this print, or ROTATE to enabler hardware (AMD, optical) given valuation gaps?
3. Greg Abel's debut Berkshire AGM ruled out break-up and named AI as the central theme (BNSF tooling + utility data-centre power demand). Meanwhile Tencent/Alibaba are bidding on DeepSeek at >US$20bn. Three "AI king" stories: Berkshire (boring infrastructure exposure), DeepSeek's HK backers, or pure-play US AI (PLTR/AMD). Which re-rates faster from here?

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⏰ Deadline: May 5, 2026, 11:59 PM (SGT)

📊 Quick Market Recap

🌍 Global Macro & Markets

• UAE intercepted missiles from Iran overnight — first incident since the US-Iran ceasefire began. Brent +5.8% to US$114.44, WTI +4.4% to US$106.42.
• Trump 25% EU auto/truck tariffs kick in next week ("EU not complying with trade deal"); risk-off momentum builds.
• Berkshire AGM (May 2–3): Greg Abel's debut "solid scorecard"; ruled out break-up; AI flagged as central thematic — BNSF tooling and data-centre power demand for BHE.
• Section 301 forced-labor hearing today (US trade investigation).
• Calendar: April US Non-Farm Payrolls Friday (May 8 SGT evening).

🇺🇸 US Markets: PLTR Blowout Validates AI Software; AMD + LITE Tonight

• 📈 Dow 48,941.90 (−1.13%) | S&P 500 7,200.75 (−0.41%) | Nasdaq 25,067.80 (−0.19%) — Mid-East risk-off bias.
• Palantir — Q1 revenue surged +84.7% YoY to US$1.63bn (vs. $1.54bn consensus); adjusted EPS $0.33 (beat $0.28); net income roughly quadrupled to $870.5m; adjusted operating margin 60%; NDR 150% (+1,100bps QoQ); commercial customers 1,007 (+31% YoY). FY26 guide raised to US$7.65–7.66bn (~71% growth, above $7.27bn consensus); Q2 guide $1.8bn vs. $1.68bn consensus.
• AMD — Q1 results after-market today; MI400 ramp + data-centre share gains are the key debates.
• Lumentum — Q3 FY26 after-market today; AI-data-centre interconnect demand is the read-across.
• Berkshire Hathaway — Abel's first AGM well-received; no break-up; AI-led tooling and data-centre demand cited as core long-term tailwinds.
• Earnings this week: Pfizer, DuPont, PayPal, AB InBev (Tue) | Disney, CVS, Kraft Heinz, Marriott, Uber (Wed).

🇸🇬 Singapore Markets

• 📈 STI hovering near 5,000; OCBC Research base-case target 5,250 (16x forward).
• HDB record: Dawson Road Queenstown 5-room flat sold at S$1.7m — fresh all-time high resale price; Q1 RPI dipped 0.1% but 412 flats sold above S$1m (record).
• ASEAN+3 Finance Ministers Meeting (Samarkand, May 3): MAS announced new financial and capital-markets cooperation initiatives with China; layered on top of last week's MAS-SGX-Nasdaq Global Listing Board (GLB) progress.
• Parkway Life REIT Q1 DPU +15.1% to 4.42 cents — healthcare-REIT cohort leader.
• SGX 1HFY2026 adjusted earnings +11.6% to S$357.1m on stronger derivatives and treasury revenue.
• Singapore Airlines escalating operational integration with Air India: placing employees and senior execs across flight ops, engineering, maintenance after Dreamliner crash.
• OCBC raised Singtel fair value to S$5.10; STT GDC deal (>US$3.9bn for 80%+) and S$2bn buyback continue to anchor the bull case.
• DBS dividend (66c interim + 15c capital return) payable around May 20.
• UOB Q1 May 7 | OCBC Q1 May 8 ahead.

🇭🇰 Hong Kong & China Markets

• 📈 Hang Seng around 26,095 (+1.24%); HSI up ~4.4% YTD with selective tech and bank buying.
• Tencent / Alibaba — reportedly in talks to invest in DeepSeek at a valuation above US$20 billion. Could solidify the China AI ecosystem's lead-investor narrative.
• SMIC — Q1 earnings due this week; foundry/mature-node demand mix is the central question.
• YOFC — Q1 net profit +226.4% on AI fibre demand still resonating.

📅 Key Events Tonight / This Week

• 🇺🇸 AMD / Lumentum / Pfizer / DuPont / PayPal earnings — Tonight
• 🇸🇬 UOB Q1 results — May 7
• 🇸🇬 OCBC Q1 results — May 8
• 🇭🇰 SMIC Q1 earnings — This week
• 🇺🇸 April Non-Farm Payrolls — May 8 (SGT evening)
• 🇺🇸 EU auto/truck 25% tariffs effective — Next week
• 🇺🇸 Warsh Fed Chair confirmation — Expected May
• 🇸🇬 DBS dividend payment — ~May 20

Disclaimer: For reference only, not investment advice.